Indiabulls Dhani – Should you opt for Instant Personal Loan?

Is Indiabulls Dhani is real or fake? Is it possible to get an Instant personal loan? What are flipsides of Indiabulls Dhani? These are some of the questions which I have received recently. In this post, I will try to address your questions.

Indiabulls Dhani is an Instant personal loan. It is projected as Phone se Loan in the advertisement. You must have seen M S Dhoni in the advertisement of Indiabulls Dhani app. It is a concept of getting an instant personal loan based on Aadhaar number. You do not need to upload any documents, visit a branch or call anyone to get personal loan sanction. You can get an Instant Personal loan directly to your bank account.

What is Indiabulls Dhani?

Indiabulls Dhani is a mobile app designed by Indiabulls ventures. The basic idea behind designing this app is to ease the process of getting an instant personal loan. In addition to personal loan, you can also avail two-wheeler loan from this app. This app uses Aadhaar Card for verification. The disbursement of loan via this app is quick and easy. Key features of this app are given below.

  • Instant personal loan approval starting from Rs.1000 to Rs.15 Lakh
  • No need to upload any document. Complete online and paperless process using Aadhaar number
  • Apply and receive a loan on the move
  • No prepayment charges for the loan up to Rs.20000
  • ┬áPersonal Loan Interest rate starting at 11.99% p.a.

Indiabulls dhani

How to get an Instant personal loan from Indiabulls Dhani?

Steps for getting an Instant personal loan from Indiabulls Dhani are given below.

Download the Indiabulls Dhani App for free from Playstore/Appstore and receive your personal loan instantly anytime, anywhere, in just 3 simple steps. This app is available for Android and iOS users.

1. Enter your loan amount
2. Enter your Aadhaar number
3. Get money in your bank account instantly

For loan amounts up to Rs 20,000 Indiabulls Dhani is available for only customers with net banking accounts in the following banks:

  • SBI
  • Axis Bank
  • HDFC Bank
  • Yes Bank
  • ICICI Bank

Should you opt for an Instant personal loan from Indiabulls Dhani?

Instant Personal Loan from Indiabulls Dhani is an easy way to get a personal loan. However, there are several flipsides of this loan app.

Flip sides of Indiabulls Dhani Instant personal loan are given below.

  • Sometimes it takes a lot of time to get approval for the loan using this app.
  • Prepayment charges are applicable for loan amount beyond Rs.20000.
  • Instant loan sanction is available only up to Rs.20000 for the limited set of net banking customers.
  • The hidden charges applicable on personal loan by the bank is not known as the loan is sanctioned from the third party platform.
  • You may or may not get required loan sanction from this app.

Over to you –

Before taking a personal loan make sure that your need is unavoidable and can be fulfilled only by the personal loan. Because higher interest rate of personal loan will put you in great financial pressure.
It is recommended to ask following questions to yourself before applying for the personal loan.

  • Do I really need a loan?
  • Can I postpone my expenses?
  • Can I manage without a personal loan?
  • Is it possible to get the money from somewhere else like friends, relative or part-time job?

If you still decide to take the personal loan, make sure to compare all the relevant features of the personal loan.
Have you taken an instant personal loan using Indiabulls Dhani app? If yes! do share your experience in the comment section given below.

Article by Raviraj

Raviraj is the man behind He is graduate in finance, engaged in blogging since 6 years. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

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